At a Glance
- Tasks: Lead the strategy for assessing vehicle residual values and ensure alignment with market conditions.
- Company: Join a diverse and inclusive team at a leading automotive finance company.
- Benefits: Competitive salary, flexible working arrangements, and opportunities for professional growth.
- Other info: Dynamic role with a focus on continuous development and collaboration.
- Why this job: Make impactful decisions in risk management while collaborating with innovative teams.
- Qualifications: 10+ years in automotive finance or risk management with strong leadership skills.
As the Residual Value (RV) Risk Manager, you will own the residual value strategy and forecast for FCE within the Risk organisation. You will ensure that RV assumptions used in loan originations and portfolio valuations (provisioning) appropriately reflect market conditions, remarketing performance, and financial exposure. This role combines risk management expertise, business acumen, and technical fluency. You will translate model outputs and market drivers into actionable residual value decisions and provide clear, compelling communication to senior leadership. Bachelor's or Master's degree in Business, Finance, Economics, Risk Management, Statistics, or a related field.7+ years of experience in residual value setting, risk management, automotive finance, or used vehicle market analysis.7+ years of team leadership experience, including proven coaching and performance management capability. Strong understanding of the impact of residual values on financial and capital performance, including reserves, exposures, and capital stress testing. Working knowledge of data modelling concepts (statistical, econometric, or machine learning) with the ability to assess and challenge model outputs. Familiarity with data and visualisation tools such as SQL, Python, GCP BigQuery, Alteryx, Power BI, and QlikSense. Strong business and risk acumen, with the ability to turn analytics into actionable insights. 10+ years of experience in an automotive-related industry, including used vehicles, remarketing, sales, or finance. Experience in financial risk management (credit, market, or residual value risk), including interaction with regulators. Previous leadership experience within Risk, Finance, or Business Planning. Technical fluency to engage effectively with Data Science and Analytics teams on model logic and assumptions. Ability to translate ambiguous business questions into analytical requirements and communicate results back into business terms. Curious, detail-oriented, and proactive in validating data and investigating discrepancies. Growth mindset with a commitment to risk management excellence and continuous technical development. The Company is committed to diversity and equality of opportunity for all and is opposed to any form of less favourable treatment or harassment on the grounds of race, religion or belief, sex, marriage and civil partnership, pregnancy and maternity, age, sexual orientation, gender reassignment or disabilityThis position is based in Dunton, and it is expected the successful candidate will be able to attend the Dunton office for typically 4 days a week and remain flexible on the days they are required to attend the office according to business requirements. As part of our pre-employment checks process, successful candidates will be required to undergo a criminal record check. LI-SN2 #FordCredit Develop, deliver, and maintain the bank's strategy for assessing vehicle residual values, focusing on forecasts used in loan originations and portfolio valuations, ensuring alignment with market conditions, remarketing performance, and portfolio risk. Develop, deliver, and maintain analysis of remarketing, auction, and used vehicle trends to inform risk positioning and support governance committee discussions. Validate actual sales performance versus residual value forecasts, investigating variances and recommending corrective actions to support future loan originations. Assess ongoing financial and risk implications of residual value decisions and communicate trade-offs to leadership. Translate residual value drivers into clear risk narratives and financial impact summaries. Partner with analytics teams to validate and challenge model outputs from a risk perspective. Build and deliver analysis to support risk assessment and leadership reporting. Collaborate with Remarketing, Risk, and Analytics/IT teams on data requirements and reporting enhancements. Handle ad hoc risk requests, delivering presentations and recommendations to senior management. Lead standardisation and automation of residual value risk reporting across FCE markets. Lead and mentor a team of analysts, providing guidance on priorities and supporting career development. Foster a collaborative culture that balances risk discipline with business pragmatism.
Locations
Head of Credit Risk Management in Chelmsford, Essex employer: Ford
Join Ford Credit as a Financial Reporting Supervisor and be part of a dynamic team that values accuracy, compliance, and innovation in financial reporting. Located in Dunton, you will enjoy a flexible work environment, with the opportunity to engage directly with Senior Leadership while driving high-profile deliverables like the Annual Report & Accounts. Our commitment to diversity and employee growth ensures a supportive culture where your contributions are recognised and valued.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Credit Risk Management in Chelmsford, Essex
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Ford. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Head of Credit Risk Management in Chelmsford, Essex
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Ford.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Ford's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Ford
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Ford.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Ford will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Ford employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
